Dutch startups raise €174 million in Q3 2015

2015-10-05 | Lorenz van Gool

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Dutch startups have raised more money this year for the second consecutive quarter. According to our quarterly overview, there were 33 deals for a total of 174.2 million euro in Q3. Catawiki got the most funding in the third quarter: 75 million euro.

Compared to the second quarter of 2015 (101 million euro, 29 deals), we saw a larger average amount of funding (5.3 million euro vs. 3.8 million euro).

Also the median investment of 700.000 euro was higher than Q2’s 600.000 euro.

Notable deals in Q3

The rising of funding for Dutch startups this quarter is mainly due to Catawiki raising 75 million euro in a Series C round led by Lead Edge Capital, and Adyen raising an undisclosed amount from Iconiq – valuating the company at more than 2 billion dollar.

GitHub competitor GitLab has a special place in our third quarter’s overview: the startup got funded twice in a very short time. First a 1.36 million euro seed round in July, and just two months after that it was followed by a 3.6 million euro Series A round. We got a feeling they’re onto something here.

Catawiki and Adyen are the only two startups raising more than 10 million euro this quarter.

Notes

Like we do every quarter when the amount of funding is undisclosed or unknown, we have made an educated guess. This amount is shown in italics.

We’re aware that not all deals are being published or communicated (sometimes for obvious reasons). Therefore it’s almost impossible to get the list complete. The data we did get however gives you a good impression. If we missed something, let us know.

We didn’t include takeovers or significantly large majority stakes.

We didn’t include crowdfunding, unless it’s a convertible note. However, we didn’t saw any of those deals this quarter.

Lorenz is co-editor-in-chief of StartupJuncture. As a freelance editor and journalist, he writes about startups, innovation and (e)-business. Loves to report from conferences. Really likes cleantech and journalism startups. You can ask him anything about dinosaurs. Twitter: @lorenzroman